If you are moving in the United States or internationally it could be possible for you to deduct some of the expenses of moving with a professional if you meet a number of conditions. Here are some top reasons that you could use deductibles for your move:
If you are moving for work: if you have to transfer for a job that’s 50 miles further from your home or you just got a new job where you were unemployed and you have to move 50 miles from your current home, you can take advantage of deductions. Deductions are also available for active service men and women in the armed forces as they may be required to consistently move for work.
Self-employed individuals can claim business expenses: the cost of the move could be generated under a business expense if you work from home and you need to move for work. You need to be working at least 39 weeks into the 12 months after you complete the move as a self-employed individual.
Claims are time sensitive with exceptions: you need to be working full time and at least 39 weeks in the year and expenses are available for the move at least one year from the day you started at the new job. Some extensions can be granted for circumstances like staying in your own home until a child graduates from school or until your spouse can find employment.
Deductions are claimed on taxes and generally these deductions can include a number of things within a move including transportation and lodging, storage, parking and tolls for the trip, mileage for your own car, the cost of the mover, disconnecting of utilities, transportation costs for moving trucks and more.
Keep some of these top deductions in mind if you need to move for work in the next year.